{"id":472981,"date":"2022-03-04T10:38:02","date_gmt":"2022-03-04T05:08:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=472981"},"modified":"2022-03-04T12:05:29","modified_gmt":"2022-03-04T06:35:29","slug":"oil-prices-hit-multi-year-highs-as-supply-tightens","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hit-multi-year-highs-as-supply-tightens\/","title":{"rendered":"Oil prices hit multi-year highs as supply tightens"},"content":{"rendered":"<p>Benchmark Brent crude oil prices climbed close to $120 a barrel on Thursday, with Russian oil exports disrupted as traders try to avoid becoming entangled in sanctions. <\/p>\n<p>Support also came from U.S. crude stockpiles at multi-year lows, helping to lift Brent crude futures as high as $119.84 a barrel for the highest level since 2012.<\/p>\n<p>By 1024 GMT the contract was up $2.18, or 1.9%, at $115.11 a barrel. <\/p>\n<p>Brent has jumped by about 37% in the past 30 days and the contract&#8217;s six-month spread hit a record high on Thursday at more than $21 a barrel, indicating very tight supplies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark Brent crude oil prices climbed close to $120 a barrel on Thursday, with Russian oil exports disrupted as traders try to avoid becoming entangled in sanctions. Support also came from U.S. crude stockpiles at multi-year lows, helping to lift Brent crude futures as high as $119.84 a barrel for the highest level since 2012. By 1024 GMT the contract was up $2.18, or 1.9%, at $115.11 a barrel. Brent has jumped by about 37% in the past 30 days and the contract&#8217;s six-month spread hit a record high on Thursday at more than $21 a barrel, indicating very tight [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-472981","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=472981"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472981\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=472981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=472981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=472981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}